Sodexo SA · EURONEXT:SW

Sodexo SA — 9M FY2013 Earnings Presentation

27 slides from Sodexo SA's earnings presentation, Jul 10, 2013

  1. Slide 1: Fiscal 2013 Nine Month Revenues

    FISCAL 2013 NINE MONTH REVENUES July 10, 2013

  2. Slide 2: Forward-Looking Information

    FORWARD-LOOKING INFORMATION This presentation contains statements that may be considered forward-looking statements and as such may not relate strictly to historical or current facts. These statements represent management's views as of the date they are made and we assume no obligation to update the

  3. Slide 3: Agenda

    A G 1. Fiscal 2013 nine month revenues E 2. On-site Services 3. Benefits and Rewards Services N 4. Fiscal 2013 Outlook D A 3 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  4. Slide 4: Fiscal 2013 Nine Month Revenues

    1 FISCAL 2013 NINE MONTH REVENUES 4 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  5. Slide 5: In Brief

    IN BRIEF  Leadership in emerging countries  Organic growth: ► + 7% in On-site Services in Latin America, Asia, A strategy responsive Africa, Australia and Remote Sites* ► + 6.7% in Benefits and Rewards Services and to client needs reflecting 3rd Quarter acceleration in Latin America  Relevance of

  6. Slide 6: Recent Contract Wins

    RECENT CONTRACT WINS CORPORATE European Space Agency in France Full facilities management services for the headquarters in Paris HEALTHCARE Hospital São Rafael in Brazil Food services for patients and staff REMOTE SITES Suncor Fort Hills in Canada Multiservices (Facility maintenance, camp management

  7. Slide 7: Revenues

    REVENUES € millions Organic growth Exchange rates Acquisitions (1) + 0.5% + 2.3% + 0.9% 14,219 13,706 + 3.7% OVERALL GROWTH 9 months FY 12 9 months FY 13 (1) Roth Bros (U.S.), Atkins (UK), Lenôtre (France), MacLellan (India) and Servi-Bonos (Mexico). 7 – Sodexo Fiscal 2013 Nine Month Revenues - July

  8. Slide 8: Organic Revenue Growth

    ORGANIC REVENUE GROWTH + 2.3% reported + 2.7% excluding positive impact from Rugby World Cup* including: On-site Services Benefits and Rewards Services + 2.5% + 6.7% * The beginning of Fiscal 2012 benefited from Rugby World Cup (€ 55 M) 8 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  9. Slide 9: On-Site Services

    2 ON-SITE SERVICES 9 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  10. Slide 10: On-Site Services Organic Growth of 2.5%

    ON-SITE SERVICES ORGANIC GROWTH of 2.5% (excluding Rugby*) UK & Ireland North America - 1.4% (+ 4.2%*) + 1.4% excluding Rugby Continental Europe + 0.8% Rest of the World + 7.0% * The beginning of Fiscal 2012 benefited from Rugby World Cup (€ 55 M) 10 – Sodexo Fiscal 2013 Nine Month Revenues - July 1

  11. Slide 11: Organic Growth by Client Segment

    ON-SITE SERVICE ORGANIC GROWTH BY CLIENT SEGMENT Corporate + 3.8%  Integrated services offers offset lower foodservices + 4.6% excluding Rugby volumes  Strong pressure from clients seeking savings  Double digit growth in Latin America Healthcare and Seniors + 0.4%  Good recent business developme

  12. Slide 12: On-Site Services: North America

    ON-SITE SERVICES NORTH AMERICA € millions Revenues 5,398 Corporate + 6.8% 5,168  Growing contribution from facilities management services offers + 1.4%  Remote Sites development in Canada ORGANIC GROWTH Healthcare and Seniors - 0.8%  Strong recovery in business development  Loss of Ascension con

  13. Slide 13: On-Site Services: Continental Europe

    ON-SITE SERVICES CONTINENTAL EUROPE € millions Revenues Corporate + 1.2% 4,341 4,408  Facilities management contracts fully offset lower + 0.8% foodservices volumes ORGANIC GROWTH  Strong pressure from clients seeking savings Healthcare and Seniors + 0.4%  Weak existing site growth  Slight recov

  14. Slide 14: On-Site Services: Rest of the World

    ON-SITE SERVICES REST OF THE WORLD (Latin America, Asia, Africa, Australia and Remote Sites) € millions Revenues 2,801 Corporate + 7.3% 2,620  Strong contribution from mining contracts, + 7.0% particularly in Latin America ORGANIC  Slowdown of industrial client activity GROWTH  Project completion

  15. Slide 15: On-Site Services: UK and Ireland

    ON-SITE SERVICES UK AND IRELAND € millions Revenues Corporate - 3.2% 1,024 1,038 + 4.7% - 1.4 % excluding Rugby* + 4.2%  Contribution from integrated service Excluding Rugby * contracts with strong multi-technical element ORGANIC GROWTH  Lower foodservices volumes Healthcare and Seniors + 7.3%  E

  16. Slide 16: Benefits and Rewards Services

    3 BENEFITS AND REWARDS SERVICES 16 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  17. Slide 17: Issue Volume

    BENEFITS AND REWARDS SERVICES ISSUE VOLUME € billions Organic growth 12.1 11.2 Acquisitions Negative exchange rate effect + 10.2% ORGANIC GROWTH 9 months FY 12 9 months FY 13 17 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  18. Slide 18: Issue Volume by Geographic Zone

    BENEFITS AND REWARDS SERVICES ISSUE VOLUME BY GEOGRAPHIC ZONE € billions Latin America Europe and Asia Organic growth Positive 5.9 Organic exchange 6.1 6.0 Acquisitions growth rate effect Negative 5.2 Acquisitions exchange rate effect + 20.6% + 1.0% ORGANIC ORGANIC GROWTH GROWTH 9 months FY 12 9 mon

  19. Slide 19: Revenues

    BENEFITS AND REWARDS SERVICES REVENUES € millions Organic growth 565 583 Acquisitions Negative exchange rate effect + 6.7% ORGANIC GROWTH 9 months FY 12 9 months FY 13 19 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  20. Slide 20: Revenues by Geographic Zone

    BENEFITS AND REWARDS SERVICES REVENUES BY GEOGRAPHIC ZONE € millions Latin America Europe and Asia Organic growth 330 Positive 313 Acquisitions exchange Negative 252 Acquisitions Organic growth rate effect 253 exchange rate effect - 0.9% ORGANIC + 12.8% GROWTH ORGANIC GROWTH 9 months FY 12 9 months

  21. Slide 21: Fiscal 2013 Objectives

    4 FISCAL 2013 OBJECTIVES 21 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  22. Slide 22: Fiscal 2013 Objectives

    FISCAL 2013 OBJECTIVES For Fiscal 2013, Sodexo projects:  organic revenue growth of between 1 and 2%  stable operating profit* compared with Fiscal 2012 (*) Excluding exchange rates and exceptional items from operational efficiency improvement program in Fiscal 2013 and favorable impact from UK pe

  23. Slide 23: Operational Efficiency Improvement and Cost Reduction Program

    OPERATIONAL EFFICIENCY IMPROVEMENT AND COST REDUCTION PROGRAM Sodexo teams are fully mobilized on operational efficiency program:  Reduction of purchasing costs and site productivity improvements  Review of contract portfolio  Reduction of overhead costs  Organizational streamlining between € 18

  24. Slide 24: Thank You!

    THANK YOU! 24 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  25. Slide 25: Questions & Answers

    Questions & Answers 25 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  26. Slide 26: Appendix

    A P P E N D I X 26 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

  27. Slide 27: Fiscal 2012 Revenues - Reminder

    FISCAL 2012 REVENUES - REMINDER Specific Fiscal 2012 events: ■ Rugby World Cup (Q1)* €55m ■ London Olympics (Q4) €151m ■ 53rd week in the U.S. (Q4) €120m (1) At average exchange rate for first nine months of Fiscal 2012. 27 – Sodexo Fiscal 2013 Nine Month Revenues - July 10, 2013

Sodexo — 9M FY2013 Earnings Presentation on 6ix